The Ketchum keystone. [volume] (Ketchum, Idaho) 1885-1899, 1887-05-28
nImIne NEWS.
The Pride 81 laoh0 Bonded
News fron 1n~ky-Notes.


Travel between Smoky and
Ketchum is becoming more general
and the snow is reported to be fast
melting away. A number of new
buildings are to be erected shortly
and the camp is already assuming
quite business air. The arrival OF
several Colorado capitalists is cx-
pected in June, who desire to make
an examination of some of the
mines there with q view of invest
ing, while another party from Phil
adelphia is also looked for about
the same time with a similar pur-
pose in view. The Carrie Leonard
mine is reported to be looking bet
ter than ever, the only drawback at
present being the inability to ship
ore. The ore house is filled to re-
pletion and ore is being piled on
the roof Of the building to better
insure its safety. 1t is anticipated
that shipments will now soon COM
mencc when the ore house will be
relived of its contents and work
carried on more extensively in the
mine.
The Scott mine, of the Dollar
hide group, shows better and bet
ter as work progresses. A large
quantity of ore is already on the
dump ready for shipment. Assays
made of the ore show the following
results: From tunnel No. 2, ga
lena 49S ounces silver, 81 per cent
lead. Galena, second grade, 1909
ounces silver and 81 per cent lead.
Pyrites, 264 ounces silver. Tunnel
No. 3, dark quartz 1856 ounces silver
and 6 per cent lead. Some show
ing native silver, $50 ounces.
What is known as the Smoky
Boulder district is coming into
prominence. The Hidden Treasure
mine, owned by miner named
Hennessy, has a fine body of ore
of good grade. The strike made in
this mine will lead to considerably
work being done as soon as the
snow is off the ground.
The work of enlarging the build
ing occupied by the sampling
works is progressing. Receipts
during the week have been small,
amounting to about twenty tons
from the Elkhorn mine.
The report is current that the
Senate and Gladitor companies
have been consolidated. The prop
erty of the companies lies near Ga
lena.
Mr.. Hall of Butte City, Montana,
an expert mining man in the en-
ployment of Walker Bros. Of Salt
Lake City, passed through town on
Saturday to examine a piece of
mining property situate in the vi
cinity of Galena. lie returned
from the trip on the following day
and has gone to Salt Lake to report
the result of his examination.
From a trustworthy source it is
learned that the report will be a
favorable one and the property
purchased.
THE METAL MARKET:
The proposition to list silver
certificates to be issued against
accumulated bullion is not regarded
with favor on all sides. 1t appears
to be merely a plan to promote
speculation in silver, which neces-
sarily involves fluctuations and
producers will sell at the bottom
prices, while spectators will try
to unload at the top of the market.
The scheme will, if carried out, be
productive of lower prices.
Lead is active and large sales
are being made. The Richmond
Company sold 1000 tons at 81 so
and 81 GO, and hold 400 tons more
at 81 Is. The stock on hand is
being rapidly absorbed and a rising
market for some time is looked for.
Spot lead is becoming scarce, and
consumers are inquiring more lib
orally. Quotations for the week
worn